ADVANCED MICRO DEVICES INC. - 1H - Technical analysis published on 08/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
50%
22%
My opinion
Bearish under 153.62 USD
My targets
148.91 USD (-0.66%)
144.27 USD (-3.76%)
My analysis
The strong short-term decline in ADVANCED MICRO DEVICES INC. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 153.62 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 148.91 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 144.27 USD as an objective. Crossing it would then enable sellers to target 136.58 USD. Be careful, a return to above 153.62 USD could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ADVANCED MICRO DEVICES INC. rating 149.90 USD. On the day, this instrument lost -0.06% and was traded between 148.44 USD and 151.70 USD over the period. The price is currently at +0.98% from its lowest and -1.19% from its highest.148.44
151.70
149.90
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of ADVANCED MICRO DEVICES INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 136.58 | 144.27 | 148.91 | 149.90 | 153.62 | 156.91 | 161.91 |
| Change (%) | -8.89% | -3.76% | -0.66% | - | +2.48% | +4.68% | +8.01% |
| Change | -13.32 | -5.63 | -0.99 | - | +3.72 | +7.01 | +12.01 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.14 | 143.02 | 146.51 | 152.39 | 155.88 | 161.76 | 165.25 |
| Camarilla | 147.41 | 148.27 | 149.13 | 149.99 | 150.85 | 151.71 | 152.57 |
| Woodie | 135.94 | 142.42 | 145.31 | 151.79 | 154.68 | 161.16 | 164.05 |
| Fibonacci | 143.02 | 146.60 | 148.81 | 152.39 | 155.97 | 158.18 | 161.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.46 | 140.59 | 147.78 | 154.91 | 162.10 | 169.23 | 176.42 |
| Camarilla | 151.03 | 152.35 | 153.66 | 154.97 | 156.28 | 157.60 | 158.91 |
| Woodie | 133.49 | 140.61 | 147.81 | 154.93 | 162.13 | 169.25 | 176.45 |
| Fibonacci | 140.59 | 146.06 | 149.44 | 154.91 | 160.38 | 163.76 | 169.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.03 | 102.04 | 123.26 | 155.27 | 176.49 | 208.50 | 229.72 |
| Camarilla | 129.84 | 134.72 | 139.60 | 144.48 | 149.36 | 154.24 | 159.12 |
| Woodie | 64.64 | 99.34 | 117.87 | 152.57 | 171.10 | 205.80 | 224.33 |
| Fibonacci | 102.04 | 122.37 | 134.94 | 155.27 | 175.60 | 188.17 | 208.50 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.69 | |
| MACD (12,26,9): | -1.0000 | |
| Directional Movement: | -2.00 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 150.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 156.05 | |
| Elder Ray (13): | -0.68 | |
| Super Trend (3,10): | 155.68 | |
| Zig ZAG (10): | 150.15 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 15.02 | |
| TEMA (21): | 148.85 | |
| Williams %R (14): | -83.84 | |
| Chande Momentum Oscillator (20): | -3.97 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.13 |
| MA7: | 153.73 | |
| MA20: | 143.23 | |
| MA50: | 153.93 | |
| MA100: | 156.87 | |
| MAexp7: | 150.08 | |
| MAexp20: | 151.29 | |
| MAexp50: | 151.10 | |
| MAexp100: | 149.20 | |
| Price / MA7: | -2.49% | |
| Price / MA20: | +4.66% | |
| Price / MA50: | -2.62% | |
| Price / MA100: | -4.44% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | +0.47% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on ADVANCED MICRO DEVICES INC. at the time of the generation of this analysis was as follows:
- AMD 2023-24 Corporate Responsibility Report: Advancing Sustainability, Collaboration and Inclusion
- AMD to Present at the Deutsche Bank Technology Conference
- AMD to Significantly Expand Data Center AI Systems Capabilities with Acquisition of Hyperscale Solutions Provider ZT Systems
- AMD Completes Acquisition of Silo AI to Accelerate Development and Deployment of AI Models on AMD Hardware
- AMD Reports Second Quarter 2024 Financial Results
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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